Outdated practices may mean missing out on top talent who look for innovative and creative work environments. If a company is stuck on archaic processes, they risk facing costly consequences.
Be Bold
Share and implement a mission or company goals around social good and actively engage employees in your organization's initiatives in achieving those goals. Most employees care deeply about their colleagues and like working together to tackle important societal issues. For example, in a recent Deloitte study, 60 percent of millennials said a "sense of purpose," is part of the reason they chose to work for their current employer. A unified, bold and inspirational mission will help attract amazing candidates and retain incredible leaders.